August 23, 2018 / 8:15 AM / a month ago

Nagpur Soybean, Soyoil, Soymeal Open- AUG 23, 2018

Nagpur Soybean, Soyoil, Soymeal Open-August 23, 2018

Nagpur, Aug 23 (Reuters) – Soyabean oil today declined in Vidarbha region of Western Maharashtra
here on stockists selling looking towards month ending, driven by higher imports amid weak
global cues. Fall in demand from millers and retailers also put pressure on soyabean oil.
Besides, sufficient stocks, sharp fall on NCDEX and easy condition in Madhya Pradesh soyabean
oil also affected sentiment in thin trading activity, sources said Thursday.

                       *****
VIDARBHA MARKETS
OILS
  * Cottonseed, Groundnut loose, Groundnut refined, Sunflower refined, Linseed, Rapeseed, 
    Castor and Coconut KP oil ruled steady here in thin trading activity. 
  * Traders expect nearly steady trend in major edible and non-edible oils here.
    
   SOYMEAL
  * Soymeal prices today suffered heavily here on lack of demand from local traders. Easy 
    condition in international soymeal prices also pulled down prices here.
         
   SOYABEAN
  * Soyabean prices moved down in Nagpur Agriculture Produce Marketing 
    Committee (APMC) on lack of demand from local crushing plants. Fresh fall in soymeal, 
    downward trend in soyabean oil and weak trend in Madhya Pradesh soyabean prices also 
    affected sentiment in limited deals.  
    About 400 soyabean bags reported for auction in Nagpur APMC, according to sources.  

 Nagpur soybean prices in rupees/tonne:
                           -----Soybean yellow-----       Soybean black
               Available          Previous
                       Auction price    (Auction price)
    Market delivery    31,000-34,000       31,000-34,200         --
    (Available price)
    Market delivery    31,100-34,100       31,100-34,300          --
    (Traders price)
    Plant delivery     35,400-35,800       35,600-36,000          --

    Soybean yellow arrivals (in 90-kg bags) and prices (in rupees per tonne) 
in Vidarbha, according to officials of Agriculture Produce Marketing Committee
and trade sources.
                         Deliveries          Available prices
    Hinganghat             n.a.                   n.a.
    Akola                  n.a.               n.a.
    Amravati               n.a.                n.a. 
    Khamgaon               n.a.                   n.a.
    Wardha                 n.a.            n.a. 
    Arvi                   n.a.                   n.a.
    Umred                  n.a.                   n.a.
    Chandrapur             n.a.            n.a 

    Soyabean plant prices at other places in Maharashtra : Adilabad – n.a., 
    Akola – 36,000, Washim – 35,800, Khamgaon – 35,500, Dhulia – 35,500, 
    Hingoli – 35,800, Jalna – 35,700, Nandurbar – 35,800, 
    Latur – 36,300, Nanded – 36,300, Solapur – 36,300, Sangli – 36,000.
        
    Sunflower arrivals (in 50-kg bag), Rapeseed (in 40 Kg bag), groundnut and
Dhaniya arrivals (in 40 kg bag), linseed arrival (90 kg bag), Dhan arrival (75 kg bag), cotton
(100 kg) and prices (in rupees per 100 kilogram) in Nagpur, according to APMC sources:

                        Deliveries    Available prices    Previous close
    Sunflower              n.a.            n.a.                2,400-2,600
    Groundnut              n.a.            n.a.                700-900
    Linseed                n.a.            n.a.           4,300-4,600
    Castor                 n.a.            n.a.            2,850-3,000
    Rapeseed               n.a.            n.a.                1,520-1,625
    Til                    n.a.                n.a.                7,500-8,000
    Dhaniya                n.a.            n.a.           5,400-5,800 
    Bajra                  n.a.            n.a.               n.a.
    Gavarani Corn          n.a.           n.a.             1,100-1,300
    Dhan                  n.a.            n.a.             2,100-2,441
    Cotton            n.a.              n.a.             4,300-4,600

                                                                        
        NAGPUR
                              
                                Today’s open   Previous close   
   
    Soyoil refined crushing plant delivery         752            754
    Soyoil solvent crushing plant delivery         712            711    
    Cottonseed refined                             790            790
    Cottonseed solvent                             760            760
    Groundnut oil (loose)                          1,080          1,080
    Groundnut oil refined (15 Litre)               1,670          1,670
    Sunflower oil refined                          880            880
    Linseed oil                                    920            920
    Rapeseed oil (for 15 kg)                       1,360          1,360
    Castor oil (for 15 kg)                         1,540          1,540
    Coconut KP oil (for 15 kg)                     3,350          3,350

    AMRAVATI
    Soyoil refined                                 755            757
    Soyoil Solvent                                 714            716
    Cottonseed refined                             790            790
    Cottonseed solvent                             760            760

    AKOLA
    Soyoil refined                                 756            759
    Soyoil Solvent                                 716            718        
    Cottonseed refined oil                         790          790 
    Cottonseed solvent                             760            760

    DHULIA
    Soyoil refined                                 752            755
  
    KHAMGAON
    Soyoil refined 
                                                753            756
    JALNA
    Soyoil refined 
                                                   754            758
    NANDED
    Soyoil refined                                 743            745
   
    Soyoil refined prices at other places in Maharashtra : Latur - 743, 
    Khamgaon – 755, Washim – 753, Solapur – 743, Sangli – 749.

    (Please add 5% Goods and Service Tax on Soyabean and Cotton oil prices.)
                                     
Nagpur soymeal prices in rupees per tonne

                  Today’s open     Previous Close
    Soymeal (Nagpur)                  28,300-28,500    28,600-28,800
      
    Soymeal prices at other places in Maharashtra : Akola – 28,600, 
    Washim – 28,500, Dhulia – 29,300, Hingoli – 29,300, Jalna – 30,200,
    Nandurbar – 29,700, Khamgaon – 28,000, Latur – 29,500, Nanded – 30,700,
    Solapur – 30,500, Dharwad – 30,300, Sangli – 29,800

Note: n.a.--not available
(For oils, transport costs are excluded from plant delivery prices, but
included in market prices.

WEATHER (NAGPUR)  
Maximum temp. 28.6 degree Celsius, minimum temp. 24.2 degree Celsius 
Rainfall : Nil
FORECAST: Generally cloudy sky with a few spells of rains or thunder-showers. Maximum and
minimum temperature would be around and 28 and 23 degree Celsius respectively.

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